The $130 million Bitcoin theft case sounds the alarm for cryptocurrencies, as wallet manufacturers state that AI failed to detect the vulnerabilities.

Canadian hardware wallet manufacturer Coinkite Inc., involved in a Bitcoin hacking incident, warned that artificial intelligence failed to detect a software vulnerability that was exploited by hackers to steal user funds, with estimated losses now reaching $130 million. Coinkite stated that the vulnerability exposed in the Coldcard hardware wallet, which was attacked last weekend, "is not only a warning to us but to all companies developing Bitcoin hardware and software." The company noted on its official blog that businesses using AI to monitor critical security code should immediately conduct reviews. Coinkite advised, "If your team relies on AI to review critical security code, we recommend specifically testing for boundary and sub-module boundaries. We believe that many Bitcoin projects, including those using open-source code, require immediate review." The Coldcard hacking incident has left cryptocurrency investors uneasy, as so-called hardware wallets are physical devices that store private keys and are not connected to the internet, long regarded as one of the safest ways to protect digital assets. This vulnerability incident has also raised questions about the core concept of "self-custody" in the cryptocurrency industry.